https://www.taxtmi.com/caselaws?id=421350 The ITAT Delhi ruled in favor of the appellant, a company earning rental income, in a tax assessment dispute for the assessment year 2013-14. The ITAT accepted the appellant's evidence of surrender of a portion of the property by the tenant, leading to a reduction in actual rent received. Emphasizing consistency and legal principles, the ITAT deleted the addition of Rs. 8,82,331 to the appellant's income, highlighting the importance of factual evidence and past assessments in determining the taxation of rental income. The decision provided relief to the appellant and underscored the significance of fair and just tax resolutions. en-us Mon, 11 Apr 2022 00:00:00 +0530 Fri, 22 Apr 2022 08:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421350 The ITAT Delhi ruled in favor of the appellant, a company earning rental income, in a tax assessment dispute for the assessment year 2013-14. The ITAT accepted the appellant's evidence of surrender of a portion of the property by the tenant, leading to a reduction in actual rent received. Emphasizing consistency and legal principles, the ITAT deleted the addition of Rs. 8,82,331 to the appellant's income, highlighting the importance of factual evidence and past assessments in determining the taxation of rental income. The decision provided relief to the appellant and underscored the significance of fair and just tax resolutions. Case-Laws Income Tax Mon, 11 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421350